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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Income from House Property - Payment made to Mumbai Port Trust ...

Income Tax

August 31, 2020

Income from House Property - Payment made to Mumbai Port Trust claimed by assessee u/s 23 - the term local authority cannot be rigidly interpreted to mean only a local government as has been interpreted by the AO in this case. As such the Mumbai Port Trust has to be treated as a local authority u/s 23 of the Act - Decision of CIT(A) allowing the deduction sustained - AT

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